The Escrow Period. The Escrow Period shall begin with the effective date of the Offering (the "Effective Date) and shall terminate only at the same time or after The Escrow Agent has received a signed representation from the Company, together with other evidence acceptable to the Escrow Agent, that the requirements of paragraphs (e)l and (e)2 of Rule 419 of the Act have been met; and Consummation of an acquisition(s) meeting the requirements of paragraph (e)(2)(iii) of Rule 419 of the Act; or For as long as 180 days from the date of the offering Prospectus if the minimum number of 500,0000 shares is not sold.
The Escrow Period. The Escrow Period shall begin as of the signed date of this agreement (the “Effective Date”) and shall terminate on the first to occur of the following dates:
The Escrow Period. The Escrow Period shall begins with the effective date of the Offering (the "Effective Date") and shall terminate on the following dates:
The Escrow Period. The term of the Escrow Account (“Escrow Period”) shall begin on the Effective Date and shall terminate upon the earlier to occur of the following dates:
The Escrow Period. The Escrow Period shall begin as of the signed date of this agreement (the “Effective Date”) and shall terminate upon disbursement of all funds held in the escrow.
The Escrow Period. The Offering shall expire on February 28, 2007, unless extended for an additional period of up to 45 days at the sole discretion of the Company, and upon at least five (5) business days written notice to the Escrow Agent (said initial or extended period is defined as the “Offering Period.”)
The Escrow Period a. The Escrow Period shall begin on the effective date of the Registration Statement.
The Escrow Period. The Escrow Period shall begin with the effective date of the Offering (the "Effective Date) and shall terminate only at the same time or after
The Escrow Period. For purposes of this Agreement the Escrow Period shall be defined as the period consisting of the date from which the Escrow Shares are deposited in escrow until the fourth anniversary of the date of the completion of the public offering.
The Escrow Period. The PURCHASER shall have a ten (10) calendar day period (the "Period"), as measured from the date of this Agreement, to conduct due diligence on the Company, including the right of access to and review of the documents and items to be deposited with Escrow Agent as set forth below. During the Period, the Company or Sellers shall cause to be delivered to Escrow Agent the following: * A certified list of shareholders from the Company's transfer agent dated no earlier than October 1, 2008; * Copies of all corporate books and records, including financial information. * Stock certificates representing all 5,250,000 shares of stock to be delivered to Purchaser in certificate form duly endorsed for transfer, and all Shares in electronic from by DTC transfer to a broker account established by Escrow Agent. * All corporate records of the Company * The written and signed resignations of all officers and directors of the Company, and the due appointment of PURCHASER's designee(s) as new officers and directors of the Company At the end of the Period (or such sooner time within the Period that Purchaser elects to close), assuming Purchaser has not cancelled the transaction (see below), the following shall take place: * Escrow Agent shall deliver to Purchasers 5,200,000 restricted shares and free trading shares * Escrow Agent shall deliver to Sellers from Escrow of the Purchase Price of $275,000. By the end of the Period, Purchaser may elect to cancel the transaction by giving written notice to Sellers. Upon timely cancellation, the full purchase price shall be returned to the PURCHASER and Shares to Sellers, and no Party shall have any further rights or obligations hereunder.
